Wed, January 14, 2009

Sina buys Focus Media's outdoor advertising business

SINA's Focus: Becoming a digital media powerhouse

Leading Chinese Web portal ventures into outdoor video advertising, marking in a bold shift in China's new media market. Full story

BACKGROUND

About SINA

SINA Corporation (NASDAQ: SINA) is a leading online media company and value-added information service provider in China and the global Chinese communities.

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News and analyses

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2008-12-31 14:18:59 GMT Xinhua English GAZA, Dec. 31 (Xinhua) -- In spite of the whether conditions, Israeli warplanes continued on Wednesday targeting by missiles different targets belongs to Islamic Hamas and Islamic Jihad movements, witnesses said.

SINA - FMCN merger a positive

2008-12-25 07:27:46 GMT SINA.com SINA Corporation (NasdaqGS: SINA - News) has agreed to acquire Focus Media Holdings Limited (NasdaqGS: FMCN - News) in a stock exchange that has met with almost universal disapproval in the press and by analysts.

SINA, Focus Media deal poses risk, competitive squeeze

2008-12-25 07:18:30 GMT SINA.com BEIJING, Dec 25 - Chinese Internet media firm SINA Corp's planned purchase of Focus Media Ltd's core assets for over a billion dollars of shares is a gamble for the buyer and an abrupt turnaround for the seller, analysts say.

Fosun increases stake in Focus Media before SINA acquisition

2008-12-25 05:59:27 GMT China Daily Chinese investment company Fosun International has announced that it has acquired a 13.3 percent stake in China's largest outdoor advertising company Focus Media that had been recently acquired by Sina Corp.

China's Sina.com buys ad firm for $1 billion

2008-12-23 06:27:26 GMT SINA.com BEIJING -- Sina Corp., a major Chinese Web portal, is venturing outside the Internet with a $1 billion-plus acquisition of most of a leading advertising firm, Focus Media.

SINA to buy assets from Focus Media

2008-12-23 06:14:55 GMT China Daily China's largest portal website Sina Corp yesterday announced that it would acquire outdoor digital advertising business from Focus Media in a deal that may be worth over $1.3 billion, allowing it to become one of China's biggest advertising conglomerates.

About Sina

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SINA management team

2008-12-24 10:36:29 GMT SINA.com Charles Chao has served as a director and Chief Executive Officer since May 2006. Mr. Chao has served as our President since September 2005 and as our Chief Financial Officer from February 2001 to May 2006.

About Sina

2008-12-24 09:59:57 GMT SINA.com SINA Corporation (NASDAQ: SINA) is a leading online media company and value-added information service provider in China and the global Chinese communities.

About Focus Media

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Focus Media management team

2008-12-24 10:39:52 GMT SINA.com Executive Chairman Jason Nanchun Jiang has served as the chairman of our board of directors since May 2003. He has served as our chief executive officer from 2003 to March 2008.

About Focus Media

2008-12-24 10:03:52 GMT SINA.com Founded in 2003, Focus Media is China's largest Digital Media Group. Based on an audience-centric approach, Focus Media provides a broad portfolio of media advertising platforms, including our Commercial Location Network, In-store Network, Poster Frame Network, mobile handset advertising network (through Focus Media Wireless) and Outdoor LED Network.

Press releases

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Focus Media announces agreement to combine its digital out-of-home business With SINA

2008-12-24 10:10:48 GMT SINA.com SHANGHAI, China, Dec. 22 /PRNewswire-Asia/ -- Focus Media Holding Limited (Nasdaq: FMCN), China's leading multi-platform digital media company, today announced it has entered into a definitive agreement with SINA Corporation (Nasdaq GS: SINA), a leading online media company and value-added information service provider for China and for global Chinese communities, that SINA will acquire substantially all of the assets of Focus Media's digital out-of-home advertising networks, including LCD display network, poster frame network and in-store network. Focus Media will retain its Internet advertising division, the movie theater advertising network portion of its commercial location network and certain traditional billboards.

SINA announces agreement to combine with Focus Media’s digital out-of-home business

2008-12-24 10:07:14 GMT SINA.com Shanghai, China-- (PR Newswire)—December 22, 2008—SINA Corporation (NASDAQ GS: SINA), a leading online media company and value-added information service provider for China and for global Chinese communities, today announced that it has entered into a definitive agreement with Focus Media Holding Limited (NASDAQ: FMCN) to acquire substantially all of the assets of Focus Media’s digital out-of-home advertising networks, including LCD display network, poster frame network and in-store network. Focus Media will retain its Internet advertising division, the movie theater advertising network portion of its commercial location network and certain traditional billboards.